Homeownership

The FWHS Homeownership Program allows individuals and families who have qualified for a Housing Choice Voucher to use rental assistance vouchers to buy a home and help cover monthly homeownership expenses.

The program is an important tool toward moving households toward financial self-sufficiency. One of the most common ways that people inherit and pass on generational wealth is through real estate. The purchase of a home is often the first opportunity people have to own real estate.

Eligible HCV participants may use rental assistance vouchers to pay mortgage expenses, including the principal and interest on a home loan, property taxes, homeowners’ insurance and a utility allowance.

Participants attend homeownership training sessions and gain insight into the responsibilities of owning a home, personal credit repair, budgeting, home financing and other helpful topics.

2024 Highlights

18

Closings in 2024

110

Clients received credit counseling in 2024

$274,414

Received from city of Fort Worth closing cost/down payment assistance for HCV clients

270

Families have used their voucher to purchase a home since 2004